Welcome to our dedicated page for Ncs Multistage Hldgs news (Ticker: NCSM), a resource for investors and traders seeking the latest updates and insights on Ncs Multistage Hldgs stock.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) is a provider of highly engineered products and support services for oil and natural gas well construction, well completions and field development strategies. This news page aggregates company announcements, earnings releases and other public updates that reflect NCS Multistage’s activity in the support activities for oil and gas operations industry.
Recent press releases have covered quarterly financial results, including discussions of revenue trends across the United States, Canada and international markets, as well as commentary on market conditions and operational performance. NCS Multistage also issues news about its participation in investor conferences and virtual presentations, where its leadership discusses the company’s business and outlook with the investment community.
Another recurring theme in NCS Multistage news is the development of its tracer diagnostics capabilities and related reservoir analysis services. The company has announced the acquisition of Reservoir Metrics, LLC (ResMetrics), a provider of chemical tracer diagnostics services used by oil and gas operators to validate reservoir development strategies, improve hydraulic fracture stimulation designs, evaluate inter-well connectivity and optimize enhanced oil recovery injection programs. Updates on the integration and contribution of ResMetrics appear in earnings and transaction-related releases.
Visitors to this page can review historical and recent news items to understand how NCS Multistage describes its performance, geographic activity in regions such as the North Sea and the Middle East, and its focus on engineered products and diagnostics services for horizontal wells in unconventional and conventional formations. For investors and industry observers following NCSM, this news feed provides a centralized view of the company’s disclosed developments over time.
NCS Multistage Holdings, Inc. (NCSM) reported first quarter 2022 revenues of $39.1 million, marking a 37% increase year-over-year and 8% sequentially. The net loss improved to $(1.5) million, from $(3.4) million in Q1 2021. Adjusted EBITDA hit $2.3 million, a significant increase from $0.1 million a year prior. As of March 31, 2022, NCSM held $15.5 million in cash and $8.0 million in total debt. The company acknowledges challenges due to inflation and decreasing activity in some markets but remains optimistic about future growth in 2022.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) will host a conference call on May 6, 2022, at 7:30 a.m. CT to discuss its first quarter 2022 results. The earnings release will be available the evening prior. Interested participants can join the call by dialing (866) 374-5140 in the U.S. or (404) 400-0571 internationally, with the access code 40658981#. A live webcast will also be accessible via the company's website. NCS provides engineered products and services for oil and gas well optimization across North America and selected international markets.
NCS Multistage Holdings, Inc. (NCSM) reported fourth quarter 2021 revenues of $36.1 million, reflecting a 32% year-over-year increase. Net income for the quarter was $1.7 million with earnings per diluted share of $0.68, down from $8.6 million in Q4 2020. Adjusted EBITDA improved to $6.5 million. For the full year, total revenues reached $118.5 million, an 11% increase from 2020, and the net loss narrowed to $(4.7) million. The company ended 2021 with $22.2 million in cash and $7.8 million in total debt, positioning itself for future growth.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will hold a conference call on March 8, 2022, at 7:30 a.m. CT (8:30 a.m. ET) to discuss its fourth quarter and full year 2021 results. The earnings release will be issued the evening before. Participants can join the call by dialing (844) 400-1696 in the U.S. or (703) 736-7385 internationally, using access code 6083399. An audio replay will be available for seven days post-conference. NCS Multistage is a leader in oil and gas well completion services across North America and select international markets.
NCS Multistage Holdings announced a significant legal victory against Nine Energy Service, as a jury found that Nine's BreakThru casing flotation device infringed on NCS's patent (U.S. Patent No. 10,465,445). The jury awarded NCS approximately $486,000 in damages, covering the infringement period from the patent issue date, November 5, 2019, to the trial conclusion. CEO Robert Nipper emphasized the importance of protecting innovations and the value of their technology portfolio, which comprises over 100 patents. This ruling highlights NCS's commitment to advancing efficiency and environmental responsibility in the oil and gas sector.
NCS Multistage Holdings reported third-quarter revenues of $32.4 million, a 99% increase year-over-year and a 51% rise from the prior quarter. The company achieved a net income of $2.8 million, recovering from a net loss of $(5.9) million in Q3 2020. Adjusted EBITDA reached $4.2 million, showing substantial growth. As of September 30, 2021, NCS held $18.4 million in cash against $8.2 million in total debt, indicating strong liquidity. CEO Robert Nipper highlighted significant operational performance in Canada, contributing to overall results, and projected continued industry activity moving forward.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on November 2, 2021, at 7:30 a.m. CT to discuss its third-quarter 2021 results. The earnings release will be issued the evening prior. Participants can join the call via phone or a live webcast on the company’s website. An audio replay will be available for seven days post-call. NCS specializes in engineered products and support services for oil and natural gas well completions across North America and selected international markets.
NCS Multistage Holdings (NASDAQ:NCSM) will participate in EnerCom's The Oil & Gas Conference in Denver on August 18, 2021, with CEO Robert Nipper and CFO Ryan Hummer presenting at 8:25 a.m. Mountain time.
A webcast of the presentation will be available on the Company’s website for 90 days post-event. NCS is a leading provider of engineered products for optimizing oil and gas well completions, serving markets in North America, Argentina, China, the Middle East, and the North Sea. For more details, visit www.ncsmultistage.com.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported a 146% increase in total revenues for Q2 2021, totaling $21.5 million. This growth stemmed from heightened product sales and service volumes, primarily in North America. However, the company also posted a net loss of $(5.8) million, an improvement from $(8.8) million in Q2 2020. Adjusted EBITDA showed a significant improvement with a loss of $(1.6) million. As of June 30, 2021, NCS had $13.9 million in cash and a total debt of $6.0 million. The outlook remains positive with expected revenue growth driven by increased drilling activity.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on August 3, 2021, at 7:30 a.m. CT to discuss its Q2 2021 results. The earnings release will be issued the previous evening. Interested participants can join by calling specific numbers based on their location or via a live webcast on the company’s website. An audio replay will be available shortly after the call for seven days. NCS specializes in products and support services for optimizing oil and natural gas well completions in North America and select international markets.